Friday, April 12, 2013

MoneyScience News

MoneyScience News


Published / Preprint: 12Apr/Basel Committee reports to G20 Finance Ministers and Central Bank Governors on Basel III implementation

Posted: 12 Apr 2013 01:12 AM PDT

Press release about the Basel Committee reporting to G20 Finance Ministers and Central Bank Governors on Basel III implementation (12 April 2013)

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Blog Post: TheFinancialServicesClub: The most innovative firms in finance

Posted: 12 Apr 2013 12:38 AM PDT

There are many places you can look to find leadership in the FinTech community.read more...

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Blog Post: TheAlephBlog: Classic: Using Investment Advice, Part 4 [Tread Warily on Media Stock Tips]

Posted: 11 Apr 2013 09:18 PM PDT

The following was published at RealMoney on 9/26/05.  I have augmented it at the bottom, so if you’ve read it before, at the bottom, there is more.read more...

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Published / Preprint: Maximizing Matching in Double-sided Auctions. (arXiv:1304.3135v1 [cs.GT])

Posted: 11 Apr 2013 05:33 PM PDT

In this paper, we introduce a novel, non-recursive, maximal matching algorithm for double auctions, which aims to maximize the amount of commodities to be traded. It differs from the usual equilibrium matching, which clears a market at the equilibrium price. We compare the two algorithms through experimental analyses, showing that the maximal matching algorithm is favored in scenarios where...

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Published / Preprint: Efficient Solution of Backward Jump-Diffusion PIDEs with Splitting and Matrix Exponentials. (arXiv:1304.3159v1 [q-fin.CP])

Posted: 11 Apr 2013 05:33 PM PDT

We propose a new, unified approach to solving jump-diffusion partial integro-differential equations (PIDEs) that often appear in mathematical finance. Our method consists of the following steps. First, a second-order operator splitting on financial processes (diffusion and jumps) is applied to these PIDEs. To solve the diffusion equation, we use standard finite-difference methods, which for...

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Published / Preprint: Jan Tinbergen's legacy for economic networks: from the gravity model to quantum statistics. (arXiv:1304.3252v1 [q-fin.GN])

Posted: 11 Apr 2013 05:33 PM PDT

Jan Tinbergen, the first recipient of the Nobel Memorial Prize in Economics in 1969, obtained his PhD in physics at the University of Leiden under the supervision of Paul Ehrenfest in 1929. Among many achievements as an economist after his training as a physicist, Tinbergen proposed the so-called Gravity Model of international trade. The model predicts that the intensity of trade between two...

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Published / Preprint: Existence and uniqueness of Arrow-Debreu equilibria with consumptions in $\mathbf{L}^0_+$. (arXiv:1304.3284v1 [math.PR])

Posted: 11 Apr 2013 05:33 PM PDT

We consider an economy where agents' consumption sets are given by the cone $\mathbf{L}^0_+$ of non-negative measurable functions and whose preferences are defined by additive utilities satisfying the Inada conditions. We extend to this setting the results in \citet{Dana:93} on the existence and uniqueness of Arrow-Debreu equilibria. In the case of existence, our conditions are...

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Published / Preprint: Return on net sales from three companies in the manufacturing of fabricated metal products (except machinery and equipment). (arXiv:1304.3350v1 [q-fin.GN])

Posted: 11 Apr 2013 05:33 PM PDT

Keywords: corporate finance, Wroc{\l}aw University of Economics, net profit margin lub net sales profitability

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ICMA Centreâs BSc in Finance and Investment Banking becomes official CFA Programme Partner

Posted: 11 Apr 2013 06:49 AM PDT

The ICMA Centre is very pleased to strengthen its relationship with the CFA Institute by having the BSc in Finance and Investment Banking recognised as a CFA programme partner â€" in addition to the pre-existing recognition of the MSc in Investment Management. In the words of the CFA Institute itself: “CFA partners with globally diverse, high profile institutions who coverContinue reading

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Blog Post: iMFdirect: How To Make A Graceful Exit: The Potential Perils of Ending Extraordinary Central Bank Policies

Posted: 11 Apr 2013 06:38 AM PDT

By Erik Oppers read more...

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Published / Preprint: 11Apr/Authorities' access to trade repository data - consultative report issued by CPSS-IOSCO

Posted: 11 Apr 2013 06:07 AM PDT

Press release about CPSS and IOSCO publishing the consultative report "Authorities' access to trade repository data" (BIS Press Release 11 April 2013)

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Published / Preprint: Socio-inspired ICT - Towards a socially grounded society-ICT symbiosis

Posted: 11 Apr 2013 05:31 AM PDT

Modern ICT (Information and Communication Technology) has developed a vision where the "computer" is no longer associated with the concept of a single device or a network of devices, but rather the entirety of situated services originating in a digital world, which are perceived through the physical world. It is observed that services with explicit user input and output are becoming to be...

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Published / Preprint: Are Friends Overrated? A Study for the Social News Aggregator Digg.com

Posted: 11 Apr 2013 05:31 AM PDT

The key feature of online social networks (OSN) is the ability of users to become active, make friends and interact via comments, videos or messages with those around them. This social interaction is typically perceived as critical to the proper functioning of these platforms; therefore, a significant share of OSN research in the recent past has investigated the characteristics and importance of...

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Published / Preprint: Complexity Aided Design: the FuturICT Technological Innovation Paradigm

Posted: 11 Apr 2013 05:19 AM PDT

"In the next century, planet earth will don an electronic skin. It will use the Internet as a scaffold to support and transmit its sensations. This skin is already being stitched together. It consists of millions of embedded electronic measuring devices: thermostats, pressure gauges, pollution detectors, cameras, microphones, glucose sensors, EKGs, electroencephalographs. These will probe and...

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Published / Preprint: Introduction: The FuturICT Knowledge Accelerator Towards a More Resilient and Sustainable Future

Posted: 11 Apr 2013 05:19 AM PDT

The FuturICT project is a response to the European Flagship Call in the Area of Future and Emerging Technologies, which is planning to spend 1 billion EUR on each of two flagship projects over a period of 10 years. FuturICT seeks to create an open, global but decentralized, democratically controlled information platform that will use online data and real-time measurements together with novel...

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Published / Preprint: How Natural Selection Can Create Both Self- and Other-Regarding Preferences, and Networked Minds

Posted: 11 Apr 2013 05:19 AM PDT

Biological competition is widely believed to result in the evolution of selfish preferences. The related concept of the `homo economicus' is at the core of mainstream economics. However, there is also experimental and empirical evidence for other-regarding preferences. Here we present a theory that explains both, self-regarding and other-regarding preferences. Assuming conditions promoting...

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